Some of the main businesses in the village include a café, a credit union, an insurance agency, and a gas station. Parma was first settled in 1833 by Eli and James Gould. The two named it “Groveland.” In its early days, the settlement was nicknamed Cracker Hill and so appears on some old maps. When the townspeople applied for a post office in 1862, it was renamed for Parma, New York, where some of its pioneers had previously resided. It was incorporated as a village in 1864.